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Property profile & analytics
FOR LEASE
Industrial properties
8 Harris Ct Monterey, CA 93940
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-0632429
For Lease
1 / 2
$2,000/Mo
8 Harris Ct, Monterey, CA 93940
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1988
Construction
TILT-UP CONCRETE
Total area
25,720 SF
Lot
3.49 ac (152,024 SF)
APN
259-031-021-000
UPID
US09-0632429
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Proctor Sound & Staging - Monterey, CA Electronics & Wireless Store Big Box & Wholesale Store
-
Orthodontic Store Dental Office
-
Monterey Bay Dental Society Dental Office
-
Urth Agriculture Food Processing Plant
-
Synergetics Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.77M
Comparable Approach
Comparable
$7.19M
Blend (final)
Blend
$6.14M
Owner & transaction history
Harris Court Associates LLC · 3 yrs held
Harris Court Associates LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Monterey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monterey submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,170,000
6.5%
$4,770,000
7%
$4,430,000
Blend value · Realmo final
$6.14M
Range $5.52M – $6.75M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$239 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$70,191
Tax year 2023
Assessed value
$6,343,722
Assessed 2023
Previous assessed
$6,343,722
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$868,995
Assessed improvement
$5,474,727
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
For Lease
Year built
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
25,720 SF
Lot
3.49 ac (152,024 SF)
APN
259-031-021-000
UPID
US09-0632429
Jurisdiction
MONTEREY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
3.49 ac
Current owner
From public records · entity-resolved
Harris Court Associates LLC
Entity
Free & Clear · 3 yrs held
Mailing address
8 HARRIS CT BLDG 1ST MONTEREY
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2022
—
Harris Court Associates LLC
Leland B Enas
Grant Deed
—
Aug 1, 2022
$2,244,000
Lefand B Evans
Airport Business Center
Grant Deed
—
Jun 8, 2022
—
Airport Business Center
Harris Court Associates LLC
Grant Deed
—
Apr 1, 2022
—
Harris Court Associates LLC
Arnold Cohn
Grant Deed
—
Mar 31, 2022
$188,000
Cohn Amold
Diane Wendy Schwartz Himler
Grant Deed
—
Mar 31, 2022
—
Diane Wendy Schwartz Himler
Harris Court Associates LLC
Grant Deed
—
Apr 28, 2020
—
Harris Court Associates LLC
—
Deed
related
$2,200,000 · Miscellaneous Ins Co
Dec 15, 2011
—
Harris Court Associates LLC
Harris Court Associates LLC
Quit Claim Deed
related
$2,200,000 · Miscellaneous Ins Co
Oct 13, 1989
$4,067,000
San Mateo County
South,bay Monter
Grant Deed
—
—
—
Harris Court Associates LLC
—
Loan Modification
related
$2,200,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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